BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is the most likely reason for a business selling products inforeign markets for the first time?1) The domestic market is expanding quickly2) The business is operating at 100% of its total production capacity3) Foreign economies are in recession4) The domestic market is declining
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1
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2
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3
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4
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Explanation:
Detailed explanation-1: -The correct answer is Increase in expenditure on public projects. An economic recession is typically defined as a decline in the gross domestic product (GDP) for two or more consecutive quarters.
Detailed explanation-2: -The five main reasons international trade takes place are differences in technology, differences in resource endowments, differences in demand, the presence of economies of scale, and the presence of government policies.
Detailed explanation-3: -Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy. How these factors are combined determines the success or failure of the outcome.
There is 1 question to complete.